After four years of legal battles with the US Securities and Exchange Commission (SEC), Ripple has finally been hit with a $125 million fine by the court. This news caused XRP’s price to surge by 18% within minutes of the announcement, reaching $0.61 at the time of reporting based on CryptoSlate data. District Judge Analisa
Regulation
As a response to the increasing complexity of cybercriminal activities involving digital assets, the US Secret Service is set to receive enhanced investigative authority. The new bill introduced in the Senate by Senators Catherine Cortez Masto and Chuck Grassley aims to provide the Secret Service with the necessary tools to combat transnational cybercriminal activities effectively.
The world of digital assets regulation is constantly evolving, with new challenges and opportunities emerging every day. In a recent interview, Joey Garcia, Director and Head of Regulatory Affairs and Public Relations at Xapo Bank, shared his experiences and insights into the development of regulatory frameworks for digital assets. Founding a Regulatory Framework Joey Garcia’s
The Bahamas Securities Commission recently announced the passing of the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024), marking a significant step towards providing regulatory clarity for the country’s digital assets industry. This move comes nearly two years after the collapse of FTX, a major player in the industry. Christina Rolle, the executive director
Jonathan Mann and Brian L. Frye, both well-known figures in the digital art world, have recently filed a lawsuit against the US Securities and Exchange Commission (SEC) regarding the classification of NFTs as securities. This case has sparked a heated debate within the art community about the implications of treating digital art as traditional investments.
Goldman Sachs CEO David Solomon recently shared his views on Bitcoin, stating that it could potentially serve as a store of value similar to gold. While Solomon has never been a vocal critic of Bitcoin, he still maintains a cautious approach towards the cryptocurrency. He regards Bitcoin as a speculative investment with no clear use
In response to former President Donald Trump’s recent support for digital assets and his vision of the US as a global crypto leader, Tron founder Justin Sun has called on China to rethink its Bitcoin policies. This call for reflection comes at a time when the global cryptocurrency market is undergoing significant changes, with governments
Senator Cynthia Lummis has put forward a groundbreaking proposal to create a Bitcoin strategic reserve for the United States. This plan involves accumulating at least 1 million BTC, which is equivalent to 5% of the total global supply of Bitcoin. The announcement was made at the Bitcoin2024 conference, where former President Donald J. Trump also
The recent letter penned by a group of Democrat politicians to the Democratic National Committee (DNC) urging a shift away from anti-crypto policies marks a significant moment in the party’s approach towards digital assets and blockchain technology. The letter underscores the importance of adopting a forward-looking approach in order to harness the immense potential that
President Donald J. Trump has recently made bold statements regarding his vision to make the US a prominent player in the world of cryptocurrency, particularly Bitcoin. He has vowed to maintain the US’s lead over competitors such as China by instituting new policies that support the growth and adoption of Bitcoin. Protecting Bitcoin Holdings One
